Still Unhappy Times for Solar IPOs

AUTHOR(S)

Moresco, Justin

PUB. DATE

February 2008

SOURCE

Red Herring;2/14/2008, p1

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article reports on the decision of solar companies Nitol Solar and Evergreen Solar to withdraw their plans for initial public offerings (IPO) in spite of a strong earnings report from First Solar. Russian company Nitol Solar pulled its planned listing on the London Stock Exchange due to unfavorable market conditions. New Energy Finance analyst Nathaniel Bullard said it is a bad climate for solar IPO with many solar stocks still trading below their 52-week highs. SunPower's shares traded at $80.67 per share.

ACCESSION #

36876159

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